ICE's CDS clearing hits $25 trillion

11/16/2011 | Securities Technology Monitor

IntercontinentalExchange said ICE Clear Credit and ICE Clear Europe have cleared $25 trillion in credit default swaps. "Three years ago, ICE announced plans to clear CDS instruments in response to calls for clearing amid the financial crisis," said Chairman and CEO Jeff Sprecher. The exchange "has helped bring more transparency and security to support this vital product."

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